Energy production in photovoltaic solar power plants amounted to 2.57 billion kWh in the first eight months of this year, up 60.5% compared to the same period last year, according to data the National Institute of Statistics (INS) published on Monday.The figures for solar energy produced in photovoltaic installations include prosumers.On the other hand, output from wind power plants totaled 4.10 billion kWh, down 16.9% (835.9 million kWh) compared to the January-August 2023 period.Production from hydropower plants amounted to 10.59 billion kWh, down 24.7% (3.48 billion kWh), and production from nuclear power plants amounted to 7 billion kWh, dropping 4.2% (308.1 million kWh).Production from thermal power stations amounted to 11.37 billion kWh, up 1.1% (127.8 million kWh).In the first eight months of the year, domestic energy production amounted to 11.33 million tonnes of oil equivalent (toe), down 644,700 toe (-5.4%) compared to the same period last year, while imports amounted to 10.02 million toe, up 85,200 toe (+0.9%).Primary energy resources diminished 2.6% to 21.35 million toe and electricity resources decreased 0.9% to 43.99 billion kWh.Final electricity consumption in this period was 33.56 billion kWh, 1.4% higher than in the first eight months of 2023. Final electricity consumption in the economy increased 1.1%, population consumption increased 2.9% and public lighting decreased 3.4%.Own technological consumption in grids and stations amounted to 3.26 billion kWh, down 134.1 million kWh.Electricity exports amounted to 7.17 billion kWh, down 9.2% (725.8 million kWh).
Romanian defense minister Angel Tîlvăr stated that the contract for the Patriot system, which will replace the one ceded by Romania to Ukraine, is expected to be signed in February. The minister commended the decision of the United State government to approve the delivery of three Patriot systems to Romania. Raytheon stated it will collaborate […]
Romanian companies are entering 2025 with cautious optimism, focusing on managing risks and controlling costs, according to the Deloitte 2025 Romania CFO Survey conducted at the end of last year among approximately 130 Chief Financial Officers (CFOs). Most of the Romanian CFOs predict an increase in revenues for this year (58%), but their share has […]
Several employees of the Romanian Senate began protesting and booing while the president of the upper Chamber was announcing that staff restructuring would be implemented to reduce public spending. Ilie Bolojan, president of the National Liberal Party and head of the Senate, announced a reduction in the organizational chart from 796 positions to 618 positions. […]
The members of the Romanian angel investor network TechAngels put EUR 2.757 million in direct investments in tech startups in the second half of 2024, almost triple the amount invested in the year's first half. The investments for the entire 2024 rose to EUR 3.777 million, a 25% year-on-year increase. The rounds backed by TechAngels […]
REHAU, the German leader in polymer-based solutions for the construction, automotive, and industrial sectors, announced the appointment of Paul Chipriean as Country Manager for Romania at the beginning of this year, taking over for Alexandru Oprea, who will move on to a new strategic regional position. Concurrently, Paul Chipriean will also serve as Director of […]
Moldova will not compete in the Eurovision 2025 song contest. The decision was made "following a detailed analysis of the current situation, as well as economic, administrative, and artistic challenges," the organizers stated. The announcement was made on Wednesday, January 22, by the director of the national television Moldova 1, Corneliu Durnescu, and the head […]
